Chip-base plastic currency with cash amount loading function

• US 6,581,845 B2
• Filed: 07/11/2001
• Issued: 06/24/2003
• Est. Priority Date: 07/11/2001
• Status: Expired due to Fees

• Current Assignee: Ri-Ju Ye
• Original Assignee: Ri-Ju Ye
• Inventors: Ye, Ri-Ju
• Primary Examiner(s): TREMBLAY, MARK STEPHEN
• Application Number:
  US09/902,402
• Publication Number:
  US 20030010831A1
• Time in Patent Office: 713 Days
• Field of Search: 235/492, 705/72
• US Class Current: 235/492
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence

Abstract

A chip-based plastic currency comprising a plastic cash card issued to the cardholder by an issuing bank, and an IC chip implanted in the plastic cash card for the loading of an amount of cash repeatedly, for enabling the plastic cash card to be re-useable. The amount of cash to be loaded in the IC chip is determined subject to the amount of money of cash paid in advance by the cardholder, or the amount of money deducted in advance from the savings account of the cardholder in the issuing bank.

Claims

1. A chip-based plastic currency comprising a plastic cash card issued to the cardholder by an issuing bank, and an IC chip implanted in said plastic cash card for the loading of an amount of cash repeatedly, for enabling said plastic cash card to be re-useable, when the cardholder uses the chip-based plastic currency to consume goods in a shop, said issuing bank uses the mobile phone of the cardholder to confirm the personal identification code and to send a message upon each transaction.

2. The chip-based plastic currency of claim 1 wherein the amount of cash loaded in said IC chip is smaller than the balance of the savings account of the cardholder in said issuing bank.

3. The chip-based plastic currency of claim 1 wherein the amount of cash loaded in said IC chip is equal to the amount of cash paid by the cardholder to said issuing bank.

4. The chip-based plastic currency of claim 1 wherein said issuing bank is a member of a financial capital center established by banks.

5. The chip-based plastic currency of claim 4 wherein the cash payment paid by the cardholder is remitted to said financing capital center by issuing bank that received the cash payment.

6. The chip-based plastic currency of claim 4 wherein said issuing bank deducts the amount equal to the amount of cash loaded in said IC chip from the savings account of the cardholder, and remits the money of the deducted amount to said financing capital center.

7. The chip-based plastic currency of claim 4 wherein after each transaction done in a shop by the cardholder using the chip-base plastic currency, the shop applies to said financing capital center for payment, and said financing capital center remits the payment to an account in a bank assigned by the shop.

8. The chip-based plastic currency of claim 1 wherein the cardholder is allowed to load a new amount of cash in said IC chip in an assigned cash deposit machine when the balance of amount of cash loaded in said IC chip is insufficient.

9. The chip-based plastic currency of claim 1 wherein said IC chip has an application program built therein for enabling the cardholder to select consuming items payable by the chip-base plastic currency.